Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day.
Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Machiavelli used to say: Money makes the world go around!
Bitcoin price
We closed the day, June 29 2020, at a price of $9,190. That’s a minor 0.55 percent increase in 24 hours, or $50. It was the highest closing price in three days.
We’re still 54 percent below Bitcoin’s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $169,280,659,246. It now commands 66 percent of the total crypto market.
The <3 of EU tech
The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!
Bitcoin volume
Yesterday’s volume of $16,460,547,078 was the highest in one day, 28 percent below last year’s average, and 77 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 289 tons of gold.
Bitcoin transactions
A total of 315,279 transactions were conducted yesterday, which is 1 percent below last year’s average and 30 percent below last year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.45. That’s $3.46 below last year’s high of $3.91.
Bitcoin distribution by address
As of now, there are 13,040 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.1 percent of the total supply, the top 100 14.3 percent, and the top 1000 34.8 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $169 billion, AbbVie has a market capitalization most similar to that of Bitcoin at the moment.
Bitcoin’s path towards $1 million
On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.
He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 97.7 percent behind being on track. Bitcoin’s price should have been $409,255 by now, according to dickline.info.
Bitcoin energy consumption
On a yearly basis Bitcoin now uses an estimated 59 terawatt hour of electricity. That’s the equivalent of Greece’s energy consumption.
Bitcoin on Twitter
Yesterday 32,380 fresh tweets about Bitcoin were sent out into the world. That’s 64.7 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.
Most popular posts about Bitcoin
This was one of yesterday’s most engaged tweets about Bitcoin:
Many cryptocurrencies could see huge surges in the next ten years resulting in a Bitcoin price approaching $400K, according to a new report https://t.co/NtMp1AKaSQ
— Cointelegraph (@Cointelegraph) June 29, 2020
This was yesterday’s most upvoted Reddit post about Bitcoin:
Vulnerability discovered in Liquid allowing blockstream employees to steal bitcoin. 1800 BTC were affected, bug known to blockstream but never fixed. from r/CryptoCurrency
print(randomGoodByePhraseForSillyHumans)
My human programmers required me to add this affiliate link to eToro, where you can buy Bitcoin so they can make ‘money’ to ‘eat’.
Get the TNW newsletter
Get the most important tech news in your inbox each week.